Horizon Investments LLC Buys 487 Shares of The Campbell Soup Company (NASDAQ:CPB)

Horizon Investments LLC grew its stake in shares of The Campbell Soup Company (NASDAQ:CPB) by 18.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,160 shares of the company’s stock after purchasing an additional 487 shares during the period. Horizon Investments LLC’s holdings in Campbell Soup were worth $131,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sherman Asset Management Inc. bought a new stake in Campbell Soup during the 4th quarter worth approximately $36,000. Principal Securities Inc. grew its holdings in shares of Campbell Soup by 45.5% in the fourth quarter. Principal Securities Inc. now owns 927 shares of the company’s stock valued at $39,000 after acquiring an additional 290 shares in the last quarter. Kentucky Trust Co bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $42,000. Quent Capital LLC grew its holdings in shares of Campbell Soup by 77.7% in the fourth quarter. Quent Capital LLC now owns 1,100 shares of the company’s stock valued at $46,000 after acquiring an additional 481 shares in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Campbell Soup in the fourth quarter valued at approximately $47,000. 52.35% of the stock is owned by institutional investors.

Campbell Soup Trading Down 1.4 %

NASDAQ:CPB opened at $37.98 on Friday. The company has a market cap of $11.32 billion, a P/E ratio of 20.75, a P/E/G ratio of 2.71 and a beta of 0.15. The stock’s fifty day moving average price is $39.07 and its two-hundred day moving average price is $43.61. The Campbell Soup Company has a 1 year low of $36.92 and a 1 year high of $52.81. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.91 and a quick ratio of 0.50.

Campbell Soup (NASDAQ:CPB) last posted its earnings results on Wednesday, March 5th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.01. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a return on equity of 23.79% and a net margin of 5.57%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. As a group, analysts expect that The Campbell Soup Company will post 3.15 EPS for the current year.

Campbell Soup Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Thursday, April 3rd will be given a $0.39 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.11%. Campbell Soup’s dividend payout ratio (DPR) is presently 90.17%.

Insider Buying and Selling

In related news, EVP Anthony Sanzio sold 2,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $41.90, for a total value of $83,800.00. Following the sale, the executive vice president now owns 16,551 shares in the company, valued at approximately $693,486.90. This trade represents a 10.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 20.19% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Barclays reduced their target price on Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a report on Friday, December 6th. Stifel Nicolaus reduced their target price on Campbell Soup from $47.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 24th. Citigroup reduced their target price on Campbell Soup from $39.00 to $37.00 and set a “sell” rating for the company in a report on Thursday, March 6th. Bank of America reduced their price objective on Campbell Soup from $45.00 to $41.00 and set an “underperform” rating for the company in a report on Thursday, March 6th. Finally, Royal Bank of Canada reduced their price objective on Campbell Soup from $51.00 to $44.00 and set a “sector perform” rating for the company in a report on Thursday, March 6th. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.23.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.